Knit Finance Partners with Public Mint to Issue Wrapped Token
Knit Finance is excited to announce its partnership with Public Mint, a fiat-native blockchain platform that runs on synthetic USD, with funds deposited at regulated, FDIC-insured financial institutions.
Knit Finance is a unique decentralized protocol for creating cross-chain wrappers for the top-200 assets.
Through this partnership, Public Mint token will be integrated onto Knit Finance’s multichain platform to issue wrapped tokens to be available on multichain. Public Mint and Knit Finance will also work together to create marketing awareness among users.
Wrapped Synthetic USD for Cross-Chain Transactions
Public Mint offers a fiat-native blockchain, APIs, and an embeddable web widget. It allows developers to build fiat-enabled applications that accept credit cards, ACH, wire transfers, and more.
Knit Finance allows users to maximize DeFi yields with multichain APY optimization. Knit users can maximize collateral security using the insured custody, and access wrappers for their entire portfolio. Knit Finance enables the k standard for tokens, which is a token wrapper for assets held in insured custody.
This collaboration will allow the integration of Public Mint on its multichain platform to be available on multiple platforms like Binance Smart Chain, Polygon and different other Polkadot parachains.
As Public Mint introduces other fiat currencies such as the Euro and British Pound in Q4, 2021, Knit Finance will also be able to add these options to their growing portfolio.
About Knit Finance
Knit Finance is a unique decentralized protocol for creating cross-chain wrappers for the top assets. It delivers all-chains bridges to ensure comfortable cross-chain fluidity of assets and allows institutions, developers, farmers, and traders to tap into trusted custody to mint Knit’s k tokens. Making Assets which weren’t available before to trade on the chain you love in an secure and easy manner.
About Public Mint
A complete platform for fiat money, fully collateralized and held on deposit with regulated, FDIC-insured institutions. Public Mint offers an open fiat-native blockchain and APIs ready for anyone to build fiat apps, accepting credit cards, ACH, wire transfers, stablecoins and more.